hello guys...
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area.
to the clear crown pattern:
kind of looks opposite of the head and shoulders pattern.
on the hand, the $66 have been important before
clearly, you can see this resistance level before and after the dump:
there are a lot of reasons for usoil to reach the $66 level and maybe the price will start an upward movement from this specific level.
but we should prepare for every situation so if the price engulfs the red level be ready for getting a long position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
usoil or WTI makes a crown pattern. and the target of this pattern is as height as the main pattern so in this scenario usoil should reach the $66 area.
to the clear crown pattern:
kind of looks opposite of the head and shoulders pattern.
on the hand, the $66 have been important before
clearly, you can see this resistance level before and after the dump:
there are a lot of reasons for usoil to reach the $66 level and maybe the price will start an upward movement from this specific level.
but we should prepare for every situation so if the price engulfs the red level be ready for getting a long position.
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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